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But is it necessarily the best investment for your hard-earned cash?
Whether you are considering investing in a holiday home, wanting to set up your own SMSF or have been considering negatively gearing, the reality is that property is just one of a multitude of investment options.
At Lifestyle Wealth Partners, we have a thorough understanding of ALL the investment options available to you, not just real estate.
We can provide you with comprehensive, up-to-date advice, on a multitude of investments, including property, shares and other investments you may not have realised were available, allowing you to make a considered decision before you decide to tie up all your money in bricks and mortar.
A smart decision based on facts...
Property is a huge investment, but let’s be honest, our real estate purchasing decisions are often made for emotional, rather than logical reasons.
Property investment, however, is very different to buying your family home.
Just like any other investment, when investing in property you need to consider WHEN you want to realise your return and HOW MUCH return you will get, rather than how much light floods into the family room and how great the outdoor entertaining area is!
Which is why it makes sense to discuss your options in advance with Lifestyle Wealth Planners, because we are experts in all kinds of investment, including real estate.
Unbiased, experienced & honest advice
Unfortunately, many property investment decisions are guided by the real estate agent, who is working to achieve the maximum price possible for the vendor, rather than the maximum return for your investment.
If you do decide that property investment is the best choice for you, Lifestyle Wealth Partners can guide you on how to structure your purchase, look at debt and cashflow.
We can help you take the emotion out of your property purchase and ensure you get the best return on your investment, whether you’re planning to sell quickly to capitalize on real estate prices or hand it down to your children and their children.
Our investment property strategies
At Lifestyle Wealth Partners, our property investment service begins with a full understanding of your financial situation, including your other assets and investments, your total income and current tax situation.
Once we have an overview of your financial position, we can also:
- Assist you in determining how much you can afford
- Help you decide whether investing in property or shares would be better for you
- Discuss the finer implications of SMSF and ensure you fulfil all the legal requirements
- Advise on estate planning
- Advise on the tax implications of an investment property
- Assist with purchasing advice and assistance and mortgage services
If you’re considering investing in bricks and mortar, either personally or through your SMSF, our investment experience can help you decide if property is your best investment choice and ensure you fully maximise your returns.
Things to think about before you buy
Here are just some of the reasons why property may not always be the best investment for you.
- If you change your mind there are very high transaction costs on entry and exit, due to stamp duty and capital gains tax, which also weaken capital growth
- You cannot spread your risk, unlike share investment, and a significant amount of capital or a mortgage is required
- If you need to liquidate your assets quickly, this is almost impossible as your investment property usually cannot be sold as fast as shares or other investment options
- Fluctuating interest rates can affect your return if you have a mortgage on the property
- When your property is vacant you will not be earning any income
- There may be high ongoing costs, which you cannot always predict, such as maintenance costs, strata fees, insurances, council rates, bank charges
- Fluctuations in the property market can dramatically impact your financial return
And because it is not a quick and simple process to buy and sell an investment property, you want to make sure you do it right, the first time.
Let's talk.
We provide you with peace of mind – manage your risk and ensure you don’t miss out on opportunities.